Toxic Asset Plan Still Light On The Details

Law360, New York (March 27, 2009, 12:00 AM EDT) -- More than a month after the U.S. Treasury Department first unveiled its plan to bolster banks by helping them offload toxic assets, few vital details have emerged on the Public-Private Investment Program, pushing many potential investors to take a wait-and-see approach as they try to determine what the impact of participation could be.

On March 23, the Treasury released a blueprint of the public-private partnerships it plans to create in order to allow banks sell off the troubled assets that are weighing them down. Under the...